Job description
Executive Director, Privacy Risk
Job Number:
3233132
POSTING DATE: Mar 7, 2023
PRIMARY LOCATION: Americas-United States of America-New York-New York
EDUCATION LEVEL: Bachelor's Degree
JOB: Wealth Management
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Executive Director
DESCRIPTION
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, and individuals from more than 1,200 offices in 42 countries.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career — a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Wealth Management Risk is responsible for identifying, measuring, and managing the current and emerging risks of the WM division and, in coordination with WM's Business Control Units and Second Line Risk Management and Compliance, implementing control processes and procedures to mitigate risk consistent with WM's risk appetite and governance framework
Wealth Management (WM) Privacy Risk Executive Director is responsible for driving privacy implementation strategies and governance for the Wealth Management business line. The team is looking for an executive director to drive Wealth Management's implementation legacy account and consumer data deletion platform development and process implementation. The individual will report to the deputy Head of Privacy Risk. A successful candidate will lead a high-profile program to define requirements and implement Wealth Management's account deletion with key stakeholders from various business units, legal, compliance and technology. The individual will own and manage operational processes and key business controls required to maintain continuous legacy consumer data deletion processes.
Key Responsibilities:
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career — a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Wealth Management Risk is responsible for identifying, measuring, and managing the current and emerging risks of the WM division and, in coordination with WM's Business Control Units and Second Line Risk Management and Compliance, implementing control processes and procedures to mitigate risk consistent with WM's risk appetite and governance framework
Wealth Management (WM) Privacy Risk Executive Director is responsible for driving privacy implementation strategies and governance for the Wealth Management business line. The team is looking for an executive director to drive Wealth Management's implementation legacy account and consumer data deletion platform development and process implementation. The individual will report to the deputy Head of Privacy Risk. A successful candidate will lead a high-profile program to define requirements and implement Wealth Management's account deletion with key stakeholders from various business units, legal, compliance and technology. The individual will own and manage operational processes and key business controls required to maintain continuous legacy consumer data deletion processes.
Key Responsibilities:
Lead business stakeholder engagement determine business rules to legacy consumer data deletion and identify systems of record
Collaborate with technology and business product stakeholders to define requirements for deletion processes
Drive partnership with legal and compliance define appropriate records retention maintenance rules and corresponding operational processes
Champion comprehensive end-to-end planning is to ensure results met are aligned to the stated goals of the project
Lead governance calls with senior management to report program health in key performance and risk indicators and garner consensus on key decisions
Provide mechanisms to capture and monitor remediation of any potential project and implementation risks
Create standards, procedures and maintain relevant privacy supervisory procedures
Advise senior management on data lifecycle management risks and issues for Wealth Management, making recommendations for appropriate risk management strategies
Support budget and ensure resources are allocated appropriately.
Mentor junior staff to enable their professional development and continued growth
QUALIFICATIONS
Required Skills:
10+years of experience in one or more of the following disciplines (privacy, data governance, information management, business strategy in finance firm or operational risk management)
Bachelor's or advanced degree in relevant field
Working knowledge of privacy laws, regulations, and privacy risks
Strong understanding of risk management concepts and financial products
Strong communication and presentation skills with the ability to speak in technical and non-technical business contexts
Strong leadership skills and experience managing a team.
Excellent communication skills, including the ability to communicate complex privacy concepts to a variety of audiences.
Strong analytical and problem-solving skills.
Ability to work collaboratively with cross-functional teams.
Experience managing budgets and allocating resources.
Experience working with cross-functional teams, including engineering, design, legal, and marketing
Strong organizational, project management and issue resolution skills
Good project management skills with the ability to manage multiple work streams
Expertise in all MS Office tools, including Power Point, Excel, Project, and Visio
Preferred Skills:
Financial Industry experience
Relevant professional certifications such as CIPM, etc.
Experience dealing with and presenting to regulators and auditors
Experience with mergers and acquisitions or other related integrations
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
EOE M/F/D/V Committed to Diversity
Expected base pay rates for the role will be between $150,000 and $235,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
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